Come to our Telegram channel to stay up to date with the latest news
The Neo price prediction shows that NEO has gained 6.95% in the past 24 hours to reach the daily high at $7.63, and it might find the next resistance at $8.00.
Neo Prediction Stats:
- Neo Price Now – $7.57
- Neo Market Cap – $525.2 million
- Neo-circulating supply – 70.5 million
- Neo total supply – 100 million
- Neo Coinmarketcap Ranking – #61
NEO/USD market
Key Levels:
Resistance Levels: $9.50, $10.00, $11.50
Support Levels: $5.50, $5.00, $4.50
NEO/USD has shown strength over the past 24 hours but has managed to move above the 9- and 21-day moving averages amid a technical correction to the downtrend. Now, the coin is recovering towards the USD 8.00 resistance level. Moreover, if the red line of the 9-day MA crosses the green line of the 21-day MA, the Neo price may continue its bullish movement.
Neo Price Prediction: NEO Finally Making a Leap?
Looking at the daily chart, the Neo price continues to move north. While Neo’s current price is above the 9- and 21-day moving averages within the channel at $7.57, the recovery appears to have begun as the Relative Strength Index (14) technical indicator moves above the 50 level. The Neo price needs to continue its upward trend in the coming days in order to recover properly. As per the current trend, the next level of resistance is likely to be at USD 9.50, USD 10.00 and USD 10.50.
On the downside, a sustained decline below the moving averages could open the bearish path towards a USD 7.00 support level. This barrier could likely slow down the bears and then serve as a springboard for the recovery. Meanwhile, the next support levels could reach USD 5.50, USD 5.00 and USD 4.50 respectively.
NEO/BTC Breaks Higher
Relative to Bitcoin, the Neo price continues to move bullishly as resistance continues to outweigh support. However, there is a need for increasing volume and increasing resistance to trigger another rise in the market that could push the coin above the upper limit of the channel. Any further bullish move above this barrier could reach the resistance level of 3200 SAT and above.
Meanwhile, there is no sign of a bearish move in the market at the time of writing, but if a bearish move occurs and the coin moves below the 9 and 21-day moving average, NEO/BTC could reach the closest support at 2500 SAT. and below. The Relative Strength Index (14) technical indicator is moving into overbought territory to amplify the bullish move.
NEO Alternatives
The Neo price may continue to trend upwards if the bulls increase the buying pressure. However, the movement above the upper limit of the channel is likely to push the coin towards the higher highs. On the other hand, a bearish move below the 9-day and 21-day moving averages could halt the initial upward movement and create bearish momentum for the coin.
While we patiently await further developments, Wall Street Memes differs from other meme coins in its mission: to disrupt the traditional financial landscape and empower ordinary investors. The token has already raised an impressive amount of over $25 million during the presale phase and is eagerly awaiting its official launch in the coming days. For potential investors, now is the right time to participate.
Wall Street Memes – Next Big Crypto
- Early access presale now live
- Established community of stock and crypto traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated as the best crypto to buy right now in the meme coin sector
- Team behind OpenSea NFT Collection – Wall St Bulls
- Tweets answered by Elon Musk
Come to our Telegram channel to stay up to date with the latest news